Lenskart Solutions Ltd., India’s top eyewear retailer, remains a hot topic among investors ahead of its IPO launch. As of Wednesday, 29 October 2025, the Lenskart IPO GMP (Grey Market Premium) stands at ₹73 per share, down from ₹108 yesterday.
While the GMP has cooled, market analysts note that investor interest remains strong as the issue opens this week.
Lenskart IPO GMP Today – 29 October 2025 Update
| Date | GMP (₹) | Expected Listing Price (₹) | Estimated Listing Gain (%) |
|---|---|---|---|
| 29-Oct-2025 | ₹73 | ₹475 | +18.1% |
| 28-Oct-2025 | ₹108 | ₹510 | +26.87% |
| 27-Oct-2025 | ₹108 | ₹510 | +26.87% |
| 26-Oct-2025 | ₹105 | ₹507 | +25.9% |
| 25-Oct-2025 | ₹100 | ₹502 | +24.8% |
At a GMP of ₹73, Lenskart shares are expected to list around ₹475 per share, offering a potential ~18% listing gain over the upper price band.
About Lenskart IPO
| Particulars | Details |
|---|---|
| Company Name | Lenskart Solutions Ltd. |
| Industry | Eyewear / Retail / E-commerce |
| IPO Open Date | 31 October 2025 |
| IPO Close Date | 4 November 2025 |
| Price Band | ₹382 – ₹402 per share |
| Face Value | ₹1 per share |
| Lot Size | 37 shares per lot |
| Total Issue Size | ₹7,278 crore (approx.) |
| Fresh Issue | ₹2,150 crore |
| Offer for Sale (OFS) | ₹5,128 crore |
| Listing Date (Tentative) | 8 November 2025 |
| Exchanges | NSE, BSE |
Why Is Lenskart IPO in Focus?
- GMP Correction: The premium has eased to ₹73, but investor confidence remains steady.
- High Valuation: The IPO targets a valuation of around ₹70,000 crore (~US$8 billion).
- Strong Investor Backing: Supported by major global investors like SoftBank, Temasek, and KKR.
- Solid Financials: FY25 profit of ₹297 crore on ₹6,652 crore in revenue.
- Extensive Network: Over 2,000 Indian outlets and 650+ global stores under the brand.
Expected Listing Gain Calculation
At the upper price band of ₹402 and a GMP of ₹73:
- Expected Listing Price: ₹402 + ₹73 = ₹475
- Profit per Lot: ₹73 × 37 = ₹2,701
- Estimated Gain: ~18%
Analyst Sentiment
Market experts maintain a positive long-term outlook, noting that the drop in GMP may reflect short-term profit booking rather than waning demand. The issue is still expected to see strong QIB and HNI participation, with retail subscription likely oversubscribed.
Should You Apply for the Lenskart IPO?
Apply if:
- You’re aiming for moderate listing gains (~15–20%).
- You believe in the long-term growth potential of the D2C eyewear and fashion-tech space.
- You trust Lenskart’s brand leadership and expansion strategy.
Be cautious if:
- You rely solely on GMP to decide.
- You prefer low-risk, steady-return investments.
Conclusion
As of 29 October 2025, the Lenskart IPO GMP stands at ₹73, indicating a potential ~18% listing gain at an expected price of ₹475 per share. Despite the correction, market experts remain optimistic about strong demand across investor categories when the issue opens on 31 October 2025.
Investors should, however, remember that GMP trends are unofficial indicators and subject to volatility. Evaluate the fundamentals, valuations, and market conditions before applying.
Disclaimer
This article is for informational purposes only. The Grey Market Premium (GMP) is an unofficial indicator and not a reliable predictor of listing performance. Investors should consult financial advisors before investing in IPOs.
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